News Centre

Joint Statement Of The CFTC And The European Commission Following Meeting On Cross-Border Derivatives Regulatory Issues

Date 13/09/2019

The following statement is released following a meeting between Heath Tarbert, Chairman, U.S. Commodity Futures Trading Commission and John Berrigan, Deputy Director General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA), European Commission held in Washington, DC on September 5, 2019:

The CFTC and European Commission reaffirm their mutual commitment to transatlantic cooperation among regulators.  Consistent with internationally agreed principles, dialogue, collaboration, and reciprocal deference among supervisors enables the effective implementation of the G20 reforms to derivatives markets.  Collectively, such coordination facilitates open, transparent, competitive, and financially sound markets.  It also strengthens domestic and global economies and promotes local and global financial stability, while its absence can produce undesirable consequences.

Fintech Firms Prepare: EU Increases Regulation To Tackle Financial Crime With Introduction Of 5th Anti-Money Laundering Directive - LexisNexis Risk Solutions Publishes New Guide To Help Educate Firms On Changes To Be Introduced As Part Of 5MLD

Date 13/09/2019

LexisNexis® Risk Solutions, the global analytics provider, today recognises that many firms will struggle to implement the new requirements of the upcoming 5th Anti-Money Laundering Directive (5MLD) coming into force on 10th January 2020. Prompted by recent events including the Panama Papers leaks, increased money laundering risks of cryptocurrencies and significant changes to the nature and frequency of terrorist attacks, the EU is cracking down on money laundering and terrorist financing with new legislation. UK Government recently consulted with industry on the introduction of 5MLD, but has yet to issue a response. However, business leaders should not wait, and must ensure that they are taking the necessary steps to prepare for the impending regulation ahead of the January deadline, or risk facing penalties for regulatory breaches in 2020 and beyond.

London Stock Exchange: Price Monitoring Extension

Date 13/09/2019

The auction call period has been extended in this security by 5 minutes. 

BME: MARF Registers A New Commercial Paper Programme By COREN

Date 13/09/2019

BME’s Fixed Income Market, MARF, has admitted to trading a new commercial paper programme by Cooperativas Orensanas, Sociedad Cooperativa Galega (COREN), one of the largest food business groups in northern Spain. Through this continuous issuance programme, the company will be able to place commercial paper with maturities ranging between three days and twenty-four months over the next year with a maximum outstanding balance of 50 million euros.

HKEX Response To Statement From The Board Of London Stock Exchange Group Plc

Date 13/09/2019

Hong Kong Exchanges and Clearing Limited (HKEX) notes the statement from the Board of the London Stock Exchange Group plc (LSEG).

Bank Of England: Run Lola Run! The Good, The Bad And The Ugly Of FX Market Fragmentation – And What To Do About It - Speech By Andrew Hauser, Executive Director, Markets - Given At TradeTech FX 2019, Barcelona

Date 13/09/2019

Andrew Hauser, looks at the impact that innovation is having on foreign exchange (FX) markets. He says it’s helping to encourage competition, wider access and better services. Andrew says the FX market could be more efficient if these benefits are realised widely, across both the sellside and buyside. Andrew ends by calling for the buyside to take action.

Bank Of England: Minutes Of The Working Group On Sterling Risk-Free Reference Rates - July 2019

Date 13/09/2019

The Working Group on Sterling Risk-Free Reference Rates, which is made up of experts from major sterling swap dealers, discusses the development of sterling risk-free reference rates.

CFTC: Statement By The Directors Of The Division Of Clearing And Risk And The Division Of Swap Dealer And Intermediary Oversight Concerning The Treatment Of Separate Accounts Of The Same Beneficial Owner

Date 13/09/2019

As Directors of the Division of Clearing and Risk and the Division of Swap Dealer and Intermediary Oversight, we wish to reemphasize that all registrants, in particular futures commission merchants (“FCMs”), must comply at all times with all Commission regulations and derivatives clearing organization (“DCO”) and self-regulatory organization rules.

Industry Collaboration Needed On Crypto, Market Data & Market Fragmentation, Says WFE Chairman Dr Urs Rüegsegger

Date 13/09/2019

Dr Urs Rüegsegger, Chairman of the World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, today delivered a speech at the 46th General Assembly & Annual Meeting of the Ibero-American Federation of Exchanges (FIAB) and to the FIAB HighTech Meeting, hosted by the Rosario Stock Exchange. His speech focused on some of the WFE’s strategic priorities for 2019 including: regulatory coherence or market fragmentation; technology-related policy work on topics such as crypto assets; and the importance of valuing stock market data correctly.

London Stock Exchange Group: Rejection Of Conditional Proposal From HKEX

Date 13/09/2019

Further to the announcement on 11 September 2019, the Board of London Stock Exchange Group plc (“LSEG”), together with its financial and legal advisers, has now considered the unsolicited, preliminary and highly conditional proposal from Hong Kong Exchanges and Clearing Limited (“HKEX”) to acquire the entire share capital of LSEG (the “Conditional Proposal”).